3, DRAKE ROAD, NEWPORT, PO30 1EQ - £290,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 DRAKE ROAD is a large detached house of 108m², built sometime between 1983 and 1990, which could now be worth an estimated £325,613. It was last sold for £290,000 in April 2021, which was around 19% below the average April 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

3 DRAKE ROAD Sold Prices

Land registry data shows three sales for 3 DRAKE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Two of the three 3 DRAKE ROAD sales were for below the average price, whilst one was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 16 APR	£290,000	£357,207	19% below HPI
2013 10 JAN	£210,000	£242,318	13% below HPI
1996 30 AUG	£75,000	£69,328	8% above HPI

3 DRAKE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The three 3 DRAKE ROAD sales between August 1996 and April 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2013 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2021 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 3 DRAKE ROAD be worth now?

3 DRAKE ROAD might now be worth an estimated £325,613.

This is based on house price inflation of 12.3%, between April 2021 and December 2024, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.3% inflationary increase is applied to the most recent sale price for 3 DRAKE ROAD of £290,000 on 16th April 2021. For the value to have increased from £290,000 to £325,613 over the two years and four months to December 2024, the following assumptions must hold true:

• The value of 3 DRAKE ROAD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The April 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 3 DRAKE ROAD has not materially changed since April 2021.

How Large is 3 DRAKE ROAD?

3 DRAKE ROAD is 108m² according to the EPC inspection conducted in July 2011. This puts it in the largest 40% of detached houses houses in Newport, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newport, and where 3 DRAKE ROAD lies on this distribution: 64% of detached houses houses are smaller than 3 DRAKE ROAD, and 36% of houses are larger. Note that EPC data is not available for all properties in Newport.

3 DRAKE ROAD: Plot and Title Map

3 DRAKE ROAD sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 3 DRAKE ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 DRAKE ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 DRAKE ROAD?

3 DRAKE ROAD is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 3 on DRAKE ROAD.